Blog

Real Estate Reports (11/4)

November 5th, 2013 8:29 AM

On October 28th, the National Association of Realtors (NAR) reported that pending home sales declined in September for the fourth consecutive month. Lawrence Yun, chief economist for the NAR, noted in the release that September’s figure represented the first time in 29 months that pending home sales weren’t above the figure from one year prior. A link to the NAR news release is found here: Pending Home Sales Continue Slide in September

On October 31st, CoreLogic reported that 51,000 foreclosures were completed in September, down from 84,000 in September of 2012. CoreLogic also reported that foreclosure inventory was down by 33% from one year earlier. The five states with the highest number of completed foreclosures were Florida, California, Texas, Michigan and Georgia. Regarding foreclosure inventory, the five states with the highest foreclosure inventory as a percentage of all mortgaged homes were Florida (7.4%), New Jersey (6.5%), New York (4.8%), Maine (4.0%) and Connecticut (3.7%).